Kathmandu. The high-level commission formed to investigate the incident of September 7-24 under the leadership of Gauri Bahadur Karki has presented the major problems in the banking sector and the ways to solve it. The report states that the government’s active role is necessary for the development of private banks.
It has also suggested the need for strict monitoring by the government, regulatory bodies and Nepal Rastra Bank to stop financial misappropriation in banks.
The Commission has pointed out that the demand for loans is low, liquidity management is problematic, bad loans are increasing, loan recovery has become challenging, non-banking assets have increased and profits are decreasing in the country despite low interest rates.TAG_OPEN_p_6
Emphasis has been laid on the cooperation of local and police administration, amendment of banking and financial laws, solution of grey-list problem and control of misleading news.TAG_OPEN_p_5
